~ Press release issued by Valley Health
MORGANTOWN, W.Va. and WINCHESTER, Va., Jan. 27 — Valley Health has joined with West Virginia University (WVU) Health System, Mountain Health Network, and Marshall Health as an owner of Peak Health, a provider-led health insurance services company with the mission of making healthcare more accessible, understandable, and collaborative.
“Valley Health and WVU Medicine share the common vision of improving the health and well-being of residents in both West Virginia and western Virginia,” Ben Gerber, president of Peak Health, said. “Together with our other provider owners, Valley Health will help Peak realize the high quality, community-based model of care we are building.”
Based in Winchester, Virginia, Valley Health is a nonprofit health system serving the Northern Shenandoah Valley of Virginia as well as the Eastern Panhandle and Potomac Highlands of West Virginia. The system includes six hospitals and more than 70 medical practices and urgent care centers.
“Joining Peak Health is a wonderful opportunity for Valley Health and WVU Medicine to collaborate to improve the health outcomes of individuals in both Virginia and the eastern panhandle of West Virginia,” Mark Nantz, president and CEO of Valley Health, said. “Together, we look forward to offering cost-efficient, high quality health insurance products throughout the region.”
Peak Health currently serves as benefit administrator for approximately 32,000 WVU Health System employees and dependents and anticipates serving up to 8,000 Valley Health employees and dependents on Jan. 1, 2024. Peak Health will also enter the West Virginia consumer market in 2024 with low-cost Medicare Advantage products as well as services for self-funded employers.
“We’re excited and honored to have Valley Health, an outstanding health system, join as an owner and participant in Peak Health,” Albert L. Wright, Jr., Peak Health’s board chair and president and CEO of the WVU Health System, said. “Through collaboration with its health system owners, Peak Health can change the health trajectory of West Virginia and the surrounding region.”
For more information on Peak Health, visit PeakHealth.org https://peakhealth.org/